GTS Securities LLC Has $279,000 Stock Holdings in Sweetgreen, Inc. (NYSE:SG)

GTS Securities LLC lowered its position in Sweetgreen, Inc. (NYSE:SG - Free Report) by 86.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,694 shares of the company's stock after selling 54,044 shares during the quarter. GTS Securities LLC's holdings in Sweetgreen were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Summit Investment Advisors Inc. increased its stake in shares of Sweetgreen by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,479 shares of the company's stock valued at $336,000 after purchasing an additional 473 shares during the period. Tower Research Capital LLC TRC raised its holdings in Sweetgreen by 45.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the company's stock worth $50,000 after purchasing an additional 494 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in Sweetgreen by 1.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 50,164 shares of the company's stock worth $1,608,000 after purchasing an additional 600 shares during the period. Oberweis Asset Management Inc. lifted its position in Sweetgreen by 0.6% in the fourth quarter. Oberweis Asset Management Inc. now owns 96,201 shares of the company's stock worth $3,084,000 after purchasing an additional 610 shares during the period. Finally, Arizona State Retirement System boosted its stake in Sweetgreen by 2.1% during the 4th quarter. Arizona State Retirement System now owns 29,535 shares of the company's stock valued at $947,000 after purchasing an additional 613 shares in the last quarter. Institutional investors and hedge funds own 95.75% of the company's stock.

Analysts Set New Price Targets

SG has been the topic of several research analyst reports. Oppenheimer lowered their price target on Sweetgreen from $35.00 to $29.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. TD Securities reiterated a "buy" rating and set a $25.00 price target on shares of Sweetgreen in a research report on Thursday, May 15th. The Goldman Sachs Group lowered their price target on Sweetgreen from $27.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Morgan Stanley lowered their price target on Sweetgreen from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. lowered their price target on Sweetgreen from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.00.

Insider Transactions at Sweetgreen

In related news, COO Rossann Williams sold 4,977 shares of Sweetgreen stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.80, for a total transaction of $118,452.60. Following the completion of the sale, the chief operating officer now owns 95,516 shares of the company's stock, valued at approximately $2,273,280.80. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nathaniel Ru sold 2,123 shares of Sweetgreen stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.80, for a total value of $50,527.40. Following the sale, the director now directly owns 1,785,099 shares of the company's stock, valued at approximately $42,485,356.20. The trade was a 0.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,014 shares of company stock valued at $736,283 over the last quarter. Company insiders own 21.52% of the company's stock.

Sweetgreen Trading Up 5.5%

Shares of NYSE SG traded up $0.70 during mid-day trading on Friday, reaching $13.46. The company had a trading volume of 4,961,827 shares, compared to its average volume of 3,552,573. The stock has a market cap of $1.58 billion, a PE ratio of -17.26 and a beta of 2.31. The company has a 50-day moving average price of $18.63 and a two-hundred day moving average price of $26.96. Sweetgreen, Inc. has a 1-year low of $12.37 and a 1-year high of $45.12.

Sweetgreen (NYSE:SG - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.21) EPS for the quarter, hitting the consensus estimate of ($0.21). The business had revenue of $166.30 million during the quarter, compared to analysts' expectations of $164.68 million. Sweetgreen had a negative return on equity of 18.82% and a negative net margin of 13.27%. Sweetgreen's revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.23) earnings per share. On average, research analysts expect that Sweetgreen, Inc. will post -0.74 EPS for the current year.

About Sweetgreen

Sweetgreen, Inc, together with its subsidiaries, operates fast food restaurants serving healthy foods at scale in the United States. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that do not have an expiration date and can be redeemed. The company was founded in 2006 and is headquartered in Los Angeles, California.